Non-Conforming Loans

Non-conforming loans are loans that do not conform to the guidelines set forth by Fannie Mae or Freddie Mac. Non-conforming loans consist of Jumbo loans (exceeding the conforming loan limit), inadequate credit history or derogatory credit, not enough income, home equity or home improvement loans, credit lines, and second mortgages to name a few.

TIP: When consolidating debt, find out information about the Mortgage Company. How long have they been in the business. Ask for word of mouth references from family and friends.